The Central Bank of Nigeria has directed banks to deny additional credit facilities and certain banking services to large borrowers with non-performing loans.
The Central Bank of Nigeria has reduced the Monetary Policy Rate by 50 basis points to 26.5%.
The Central Bank of Nigeria has warned that using naira notes for Valentine’s Day “money bouquets” and decorative gifts amounts to currency abuse.
The Central Bank of Nigeria has approved the participation of licensed Bureau De Change operators in the foreign exchange market.
The Central Bank of Nigeria has directed banks and financial institutions to implement multi-factor authentication for foreign-issued card transactions exceeding set limits.
The Dangote Group has named renowned economist Dr Mahmud Hassan, former CBN Director, as its Group Chief Economist to provide strategic economic guidance...
The Central Bank of Nigeria has issued a one-month deadline for PoS operators to implement dual connectivity with NIBSS and UPSL, as the CAC....
The Central Bank of Nigeria has confirmed that 82 Bureaux De Change (BDCs) have received final operating licences...
The Central Bank of Nigeria has scrapped its cash deposit limit and increased the weekly cash withdrawal ceiling to N500,000 for individuals...
The Central Bank of Nigeria (CBN) has confirmed that 16 commercial banks have fully met the revised regulatory capital requirements.
